First Equity Modaraba Board Meeting Scheduled to Review Annual Accounts.

Karachi -- First Equity Modaraba has formally announced that its Board of Directors is set to convene a pivotal meeting on October 5, 2023, in Karachi. The primary agenda of this meeting is the comprehensive assessment of the Annual Accounts for the fiscal year ending on June 30, 2023, and the determination of any entitlements for the company's stakeholders.

In alignment with the regulatory framework stipulated in Clause 5.6.1(d) of the PSX Regulations, First Equity Modaraba has declared a "Closed Period" that commenced on September 28, 2023, and will persist until October 5, 2023, encompassing both days. During this Closed Period, it is essential to note that no transactions involving the acquisition, sale, or transfer of shares in First Equity Modaraba are permitted, whether conducted directly or indirectly, for the company's Directors, Chief Executive Officer (CEO), or any Executives associated with the organization.

This precautionary measure is instituted to ensure equitable treatment for all shareholders and to uphold the integrity of the market...